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20121205
20121213
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KPIX (CBS) 3
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CBS
Dec 10, 2012 6:00pm PST
:30, president obama hits the road to sell his solution for avoiding the fiscal cliff. the president and the house republicans have just three weeks to find a compromise to stop automatic tax hikes and spending cuts, and both sides say they are ready to talk. cbs 5's danielle nottingham on what might be the key to the solution. >> president obama's public campaign to steer clear of the fiscal cliff took him to a diesel engine planted detroit. >> congress doesn't act soon, meaning the next few weeks, starting on january first, everybody's going to see their income taxes gop. >> private face to face talks were revised this weekend when house speaker john boehner went over to the white house. neither side is releasing details about the conversation, but taxes are still the big sticking point. >> i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax break. >> reporter: republicans have adamantly opposed raising taxes, but some are considering it now if democrats agree to social security and medicare changes. >> republicans were
CBS
Dec 6, 2012 6:00pm PST
for the "fiscal cliff." the deadline for the president and congress to find a way to avoid tax increases and spending cuts is 25 days away. president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives the sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to chose tax loopholes and limit some deductions. they say the president needs to deliver a new plan that they can agree on and soon. it's also important to note that congress is scheduled to adjourn december 21st and the president is supposed to be headed to hawaii for vacation on december 17. >>> after doing some downsizing starbucks is back to brewing up some expansion plans and that includes another san francisco store. at market and sanchez. cbs 5 reporter mike sugerman tells us some small businesses in that area are trying to gri
CBS
Dec 5, 2012 6:00pm PST
the "fiscal cliff," a uc spokesman says we could lose $335 million in research funds. other consequences for californians, 143,000 unemployed could lose assistance in trying to find a job. nearly 300,000 disadvantaged students would get fewer benefits at school. 8,000 patients wouldn't get hiv testing and 2,000 women could miss out on breast and cervical cancer screening. and with income taxes expected to rise at the same time, the economy is expected to tank. >> there is no question about it. going over the "fiscal cliff" to most economists is really stupid. if it happens, we would go into a recession. >> reporter: and with no deal reached, who is to blame for all the this washington gridlock? just ask the american people. according to a new pugh research poll, 53% blame the republicans. 27% blame the president. we'll be watching. >> that's interesting, all those dollars that you just added up for california, multiply that by the other 49 states. >> reporter: it's a really scary thought. they have to solve this. >> grace lee, thank you. >>> a new study could change the current standard
Search Results 0 to 2 of about 3